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Renovated Duplex with Accessory Dwelling
For Sale
$532,000

421 S Prospect Street, Colorado Springs, CO 80903

MULTI_FAMILY - Colorado Springs, CO

Property SizeContact for details
Lot Size0.18 Acres
Days on Market86

Property Features for 421 S Prospect Street

General Information

Property type Residential Multi Family
Property subtype Other
Basement Full
Elementary school district Colorado Springs 11
Middle school district Colorado Springs 11
High school district Colorado Springs 11
Standard status Active
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 1404

Utilities

Heating system Forced Air
Cooling system Ceiling Fan(s)

Building Details

Year built 1910
Roof type Shingle
Listing Agency: Keller Williams Premier Realty · Keller Williams Realty
Listed By: Jeffrey Johnson · License #100031211
Added: Jun 1 Changed: Jul 30 Last Checked: Aug 25 at 10:06PM
MLS# 8848423

Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This fully renovated duplex-style property is set on a double lot and is highlighted by R2 zoning. Inside, the main level features a bright, open layout with a spacious living area and a dining area that flows into the kitchen. The kitchen is described as having stainless steel appliances, quartz countertops, and ample cabinetry.

A fully finished basement includes a private entrance and an accessory dwelling unit with its own living area, full kitchen, bedroom, and bath. The layout is positioned to support independent living arrangements.

The listing also notes the property’s location within downtown Colorado Springs, with nearby shopping, dining, cultural attractions, and parks cited as nearby amenities.

Key Highlights

  • Fully renovated downtown Colorado Springs home with double lot
  • R2 zoning for added flexibility and residential/investment potential
  • Basement includes a private entrance and a fully equipped accessory dwelling unit (ADU)

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith Pet Store & Service Veterinary Clinic Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,199
Businesses Nearby

Demographics for 80903, CO

15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Fully renovated residence with R2 zoning and a finished basement ADU featuring a private entrance.
Where is this duplex located?
The property is located at 421 S Prospect Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $532,000.
What are key features of this property?
This property features: Fully renovated downtown Colorado Springs home with double lot; R2 zoning for added flexibility and residential/investment potential; Basement includes a private entrance and a fully equipped accessory dwelling unit (ADU)
More about this property
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